Merger Creates $25.6 Million MSP
Peach Technologies has acquired Taylor Made Computer Solutions (TMCS), creating one of the United Kingdom’s largest independent managed IT services providers (MSPs).
The combined firms have roughly 200 employees, more than 1,000 customers; and annual sales of about US$25.6 million (or about £20m). The companies also offer such complementary IT services as:
- Peach: Connectivity, mobile and telephony services and existing IT services.
- TMCS: IT services, security, backup and disaster recovery solutions.
Key technology partners include Microsoft, Cisco Systems, VMware, BT, NEC and Ericsson-LG. The Peach and TMCS teams have different IT specializations.
Customers will gain a single point of contact for IT, telephony, and communications services, the companies say.
Executive Perspectives, Transitions
In a prepared statement, Peach CEO Darren Scott-Healey:
“We’re thrilled to bring together the exceptional skills and first-class services of two market leaders. Both companies are hugely complementary and enhance our ability to provide a one stop shop solution for IT, telephony and communications services. We look forward to using our combined scale to do even more to help our customers grow, succeed and increase profitability”
Added Nigel Taylor, founder and managing director at TMCS:
“It is amazing to reflect on how far we have come since Aly and I started Taylor Made 24 years ago from our family home near Fareham. Our highly skilled and IT passionate people, combined with our tailored approach to providing the correct products and services have been the foundations to creating a successful and highly respected business. By combining forces with Peach we bring together a unique combination of talent that will provide an even bigger benefit for our customers and partners.”
Scott-Healey is CEO of the combined firm. Nigel Taylor will exit the day-to-day business and act as a consultant to the new board of directors, while Aly Taylor will retire from the business.
In an FAQ, the combined company addressed a range questions about short- and long-term business planning. Selected points included:
Product R&D: In the short term, there will be no impact to product offerings. Longer term, the business plans to develop a joint product roadmap to build on this acquisition. The goal: Continue to develop a model that makes Peach the most compelling MSP to work with in the UK.
Corporate Brand & Office Location: TMCS now operates as Taylor Made Computer Solutions – a Peach Technologies company. The firm will likely move to a joint branded company within the next year or two. The TMCS office will be moving to Peach’s office in Whiteley.
IT Support, Service Level Agreements and Customer Contracts: SLAs and customer contracts remain unchanged. Current support channels remain open and staffed by the same service team customers have come to know. Future support may include expanded options.
Growth Strategy: Looking ahead, Peach expects to blend “strong organic growth” while “making further complementary acquisitions,” Peach Chairman Ian Brown indicated.
Congratulations to all involved. Nigel and Aly have done well to grow a business and sell it on.